According to the report, Europe is home to nine out of the ten least profitable countries for Bitcoin production, determined by household electricity costs.
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SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
SEC files motion for appeal on Ripple’s case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
Top Stories This Week
Judge grants SEC request to file motion for appeal in Ripple case
Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Torres ruled, on July 13, that Ripple’s XRP token is not a security when distributed in public sales, but the ruling considered XRP a security in institutional sales. The case against Ripple has been ongoing since December 2020, when the SEC sued Ripple and its executives over allegations of offering an unregistered security.
Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations
The Bitcoin and Ether price slide on Aug. 18 saw the top two cryptocurrencies fall to a two-month low and triggered a series of liquidations for thousands of derivative traders. The crypto bloodbath led to billions of dollars worth of hedged positions being liquidated, and several traders lost millions of dollars in a single trade. According to CoinGlass data, a total of 176,752 traders got liquidated within hours, indicating a rapid rise in price volatility just days after BTC and ETH recorded their lowest daily volatility in several years. The price function in the crypto market was attributed to several factors, including the SpaceX Bitcoin write-down and macroeconomic factors.
Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023
El Salvador, which adopted Bitcoin as a legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants, including JP Morgan, Eaton Vance and PGIM Fixed Income, prompting President Nayib Bukele to say, “I told you so.” Apart from the institutional giants, the likes of Lord Abbett & Co LLC, Neuberger Berman Group LLC and UBS Group AG have also added debt security since April. El Salvador paid $800 million in debt in full within the due maturing time at the start of this year, raising confidence in the country’s bonds again.
First EU spot Bitcoin ETF hits Euronext Amsterdam exchange
Europe welcomed its first-ever spot Bitcoin ETF after the long-awaited launch of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF. The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The new ETF is trading under the BCOIN ticker. Its launch marks a milestone for Europe, while United States regulators are yet to approve a number of similar spot Bitcoin ETF applications from major asset managers, including BlackRock and Fidelity. The new ETF is trading under the BCOIN ticker.
Coinbase wins NFA approval to offer Bitcoin and Ether futures in US
Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. The approval enables Coinbase to introduce Bitcoin and Ether futures contracts through a derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Following the decision, the exchange’s website displayed a link for joining an early access waiting list. Coinbase claims the global crypto derivatives market accounts for 75% of crypto trading volume worldwide.
SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
Top Stories This Week
Judge grants SEC request to file motion for appeal in Ripple case
Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Torres ruled, on July 13, that Ripple’s XRP token is not a security when distributed in public sales, but the ruling considered XRP a security in institutional sales. The case against Ripple has been ongoing since December 2020, when the SEC sued Ripple and its executives over allegations of offering an unregistered security.
Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations
The Bitcoin and Ether price slide on Aug. 18 saw the top two cryptocurrencies fall to a two-month low and triggered a series of liquidations for thousands of derivative traders. The crypto bloodbath led to billions of dollars worth of hedged positions being liquidated, and several traders lost millions of dollars in a single trade. According to CoinGlass data, a total of 176,752 traders got liquidated within hours, indicating a rapid rise in price volatility just days after BTC and ETH recorded their lowest daily volatility in several years. The price function in the crypto market was attributed to several factors, including the SpaceX Bitcoin write-down and macroeconomic factors.
Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023
El Salvador, which adopted Bitcoin as a legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants, including JP Morgan, Eaton Vance and PGIM Fixed Income, prompting President Nayib Bukele to say, “I told you so.” Apart from the institutional giants, the likes of Lord Abbett & Co LLC, Neuberger Berman Group LLC and UBS Group AG have also added debt security since April. El Salvador paid $800 million in debt in full within the due maturing time at the start of this year, raising confidence in the country’s bonds again.
First EU spot Bitcoin ETF hits Euronext Amsterdam exchange
Europe welcomed its first-ever spot Bitcoin ETF after the long-awaited launch of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF. The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The new ETF is trading under the BCOIN ticker. Its launch marks a milestone for Europe, while United States regulators are yet to approve a number of similar spot Bitcoin ETF applications from major asset managers, including BlackRock and Fidelity. The new ETF is trading under the BCOIN ticker.
Coinbase wins NFA approval to offer Bitcoin and Ether futures in US
Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. The approval enables Coinbase to introduce Bitcoin and Ether futures contracts through a derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Following the decision, the exchange’s website displayed a link for joining an early access waiting list. Coinbase claims the global crypto derivatives market accounts for 75% of crypto trading volume worldwide.
SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
SEC files motion for appeal on Ripple’s case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
SEC files motion for appeal on Ripple’s case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
SEC files motion for appeal on Ripple’s case, Bitcoin and Ether prices plunge and Europe welcomes first spot Bitcoin ETF.
SEC seeks appeal over Ripple, crypto prices plunge and EU debuts Bitcoin ETF: Hodler’s Digest, Aug. 13-19
Top Stories This Week
Judge grants SEC request to file motion for appeal in Ripple case
Judge Analisa Torres has granted a request from the United States Securities and Exchange Commission (SEC) to file a motion for leave to file an interlocutory appeal in its case against Ripple Labs. The decision allowed the SEC to file a motion, on Aug. 18, requesting permission to bring a case to the U.S. Court of Appeals for the Second Circuit. Ripple will also be able to file an opposition to the motion. Torres ruled, on July 13, that Ripple’s XRP token is not a security when distributed in public sales, but the ruling considered XRP a security in institutional sales. The case against Ripple has been ongoing since December 2020, when the SEC sued Ripple and its executives over allegations of offering an unregistered security.
Bitcoin, Ether price slump leads to crypto bloodbath with $1B in liquidations
The Bitcoin and Ether price slide on Aug. 18 saw the top two cryptocurrencies fall to a two-month low and triggered a series of liquidations for thousands of derivative traders. The crypto bloodbath led to billions of dollars worth of hedged positions being liquidated, and several traders lost millions of dollars in a single trade. According to CoinGlass data, a total of 176,752 traders got liquidated within hours, indicating a rapid rise in price volatility just days after BTC and ETH recorded their lowest daily volatility in several years. The price function in the crypto market was attributed to several factors, including the SpaceX Bitcoin write-down and macroeconomic factors.
Bitcoin-friendly El Salvador sees bond returns soar to 70% in 2023
El Salvador, which adopted Bitcoin as a legal tender in 2021, has seen its dollar bond outperform the majority of the emerging markets with a 70% return in 2023. The massive rally of the bond has now drawn interest from several institutional giants, including JP Morgan, Eaton Vance and PGIM Fixed Income, prompting President Nayib Bukele to say, “I told you so.” Apart from the institutional giants, the likes of Lord Abbett & Co LLC, Neuberger Berman Group LLC and UBS Group AG have also added debt security since April. El Salvador paid $800 million in debt in full within the due maturing time at the start of this year, raising confidence in the country’s bonds again.
First EU spot Bitcoin ETF hits Euronext Amsterdam exchange
Europe welcomed its first-ever spot Bitcoin ETF after the long-awaited launch of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF. The London-based digital asset management firm announced that its new investment product was going live on the Euronext Amsterdam stock exchange on Aug. 15, more than a year later than its planned launch in 2022. The new ETF is trading under the BCOIN ticker. Its launch marks a milestone for Europe, while United States regulators are yet to approve a number of similar spot Bitcoin ETF applications from major asset managers, including BlackRock and Fidelity. The new ETF is trading under the BCOIN ticker.
Coinbase wins NFA approval to offer Bitcoin and Ether futures in US
Cryptocurrency exchange Coinbase has obtained approval from the National Futures Association (NFA) to offer investments in crypto futures to eligible customers in the United States. The approval enables Coinbase to introduce Bitcoin and Ether futures contracts through a derivatives exchange regulated by the Commodity Futures Trading Commission (CFTC). Following the decision, the exchange’s website displayed a link for joining an early access waiting list. Coinbase claims the global crypto derivatives market accounts for 75% of crypto trading volume worldwide.
DeFi protocols Exactly, Harbor hacked in separate attacks
A fresh round of attacks targeted the DeFi ecosystem on Aug. 18. The Exactly protocol was exploited for nearly $7.3 million, while the Harbor's team is still estimating the amount stolen.
Ether Futures ETFs could all get approval at same time: Report
At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval in the United States.
Ether Futures ETFs could all get approval at same time: Report
At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval in the United States.
Ether Futures ETFs could all get approval at same time: Report
At least 16 applications for Ether or Bitcoin-Ether futures ETFs are awaiting regulatory approval in the United States.
China facing deflation may be bad news for Bitcoin
Cointelegraph analyst and writer Marcel Pechman breaks down the Federal Reserve balance sheet and explains why China’s deflation can negatively impact Bitcoin.
The ultimate guide to password management for crypto enthusiasts
Explore strong password creation, management and advanced protection techniques to secure crypto holdings.
Elon Musk endorses pro-crypto presidential republican candidate
Musk's statement, "He is a very promising candidate," piqued curiosity about Ramaswamy's candidacy and his stance on cryptocurrencies.
Sam Bankman-Fried requests weekday freedom for legal defense work
Lawyers of SBF stated that their client faced difficulties in thoroughly reviewing the extensive document accumulation related to the case while confined to the detention center.
Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined
Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.
Over two weeks after Curve Finance’s multiple pool exploits, the DeFi protocol has assured the hack victims that it is assessing each impacted user for reimbursement. This comes after the exploiter returned 73% of the stolen funds.
The DeFi ecosystem moved beyond the Curve dilemma only to face another set of exploits this past week, with Zunami Protocol seeing its stablecoins pools exploited, resulting in a net loss of over $2 million. However, the week was also filled with optimistic developments as ConsenSys completed the public launch of its zero-knowledge Ethereum Virtual Machine (zkEVM), Linea, with $26 million worth of Ether (ETH) bridged.
In another development, Fantom-based decentralized exchange SpiritSwap was rescued from its shutdown at the last moment through a community resolution.
Curve Finance vows to reimburse users after $62 million hack
Curve Finance has officially stated its intention to reimburse users impacted by its recent hack, which resulted in $62 million in losses. According to an X (formerly Twitter) post from its official account, ongoing investigations are yielding progress, with approximately 79% of the funds successfully recovered. The platform also said it would assess each impacted user for reimbursement.
Curve Finance to reimburse users, another DeFi hack, and ConsenSys launches L2: Finance Redefined
The DeFi ecosystem had another exploit of over $2 million on a stablecoin liquidity pool this past week, just weeks after the Curve Finance exploit.
Bitcoin Ordinals NFT trading volume tanks 98% since May: DappRadar
Alongside the declining trading volumes, the number of Bitcoin Ordinals transactions dropped by 97% to just 20,571 in mid-August.
Crypto grants foster innovation amid venture capital exodus
Alternative funding options, such as grant programs, have grown in popularity as the bear market continues to slash venture capital from the crypto industry.